LYVE global continues to drive its investment strategy by acquiring a majority stake in shopini world
Dubai, United Arab Emirates: Lyve Global, an Abu Dhabi-based B2B logistics SaaS platform enabling businesses to digitize their customer journey, from order to payment to delivery, announces that it has acquired a majority stake in Shopini World, a of the leading providers of cross-border e-commerce solutions and logistics for businesses and consumers in the MENA region, with an operational presence in the United Arab Emirates, the United States, the United Kingdom, Turkey and China.
Lyve’s acquisition of a majority stake in Shopini World reflects its continued commitment to strengthening its offering as the company plans to invest US$150 million in high-quality acquisitions over the next two years to expand its portfolio globally and expand its market reach.
This acquisition brings together significant operational synergies with Shopini’s e-commerce solutions and international network, and Lyve’s technology and logistics infrastructure in the region. The combination of Shopini’s first and second mile services with Lyve’s solutions completes the entire logistics cycle, improving efficiency and dramatically improving fulfillment capabilities and customer reach for e-commerce customers. of Lyve.
Lyve continues to evolve, creating a rich digitized ecosystem of complete end-to-end solutions across all touchpoints – from order acquisition to order management, payment and delivery. Through its market-leading cloud platforms and services, the company currently helps facilitate millions of orders every month on behalf of key global and regional brands across e-commerce, food and beverage, groceries and health.
Through its investment strategy and next phase of growth, focusing on inorganic opportunities that complement the development of Lyve’s regional digital ecosystem, the company will continue to grow and maximize the value of each of Lyve’s companies. its portfolio, providing personalized support for each investment and working closely with aligning synergies to leverage its rich network.
Lyve Chief Investment Officer Nader Museitif commented on the strategic investment: “We are thrilled to have Shopini World join the Lyve ecosystem. We are committed to continuing to develop and expand our offering to meet the growth and digital transformation needs of our customers. Our investment strategy is designed to complement and accelerate our organic efforts and we look forward to announcing further partnerships in the near future.
Shopini World President and CEO Rami Murad said, “We are thrilled to be recognized by a great organization like Lyve Global, for the world-class cross-border parcel technologies we have built and for the innovative solutions we we supply to local businesses. and international e-commerce merchants based in the United States, United Kingdom, Turkey, China, and United Arab Emirates. Our partnership with Lyve Global will definitely help us grow faster by enabling and complementing our cross-border solutions in ME and internationally as well.
As the accelerated growth of digitalization continues to disrupt the e-commerce landscape in the region, industry players are developing their holistic strategies to establish a strong omnichannel presence and solutions to deliver seamless customer experience. Lyve’s scalable portfolio of digital technologies enables these companies to succeed in this ever-changing landscape.
Founded in 2016, Lyve is a B2B SaaS platform enabling companies to digitize their customer journey, from order to payment and delivery.
Through its ever-expanding portfolio of digital technologies, Lyve’s solutions enable companies across multiple verticals to seamlessly manage logistics operations, optimize fleet planning and tracking, deliver powerful analytics and… improve customer acquisition channels.
Based in the United Arab Emirates, Lyve operates in 20 countries around the world, offering its solutions to hundreds of customers and major brands in the e-commerce, pharmaceutical, telecommunications, grocery and restaurant industries.
For more information visit https://lyveglobal.com/en